Is Centerville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Centerville has remained a Seller's Market.
Key Takeaway
Centerville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Centerville, TN
How much do homes in Centerville, TN cost?
Median Sold Price
$264,950
$190/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Centerville have sold for 7.7% more than they did a year ago.
Summary: The median home sold price in Centerville was $264,950 in May 2024, up 7.7% from last year, and the median price per square foot was $190.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $132K | -9.0% |
| 2 Bedrooms | $188.6K | $205K | +8.7% |
| 3 Bedrooms | $216.5K | $275K | +27.0% |
| 4 Bedrooms | $294.3K | $306K | +4.0% |
| 5+ Bedrooms | $1.7M | $566.4K | -67.0% |
Summary: Centerville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9%, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 27%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 67%.
Median Sold Price Compared To Nearby Cities
| Nunnelly | $257.5K | $287.5K | +11.7% |
| Centerville | $246K | $264.9K | +7.7% |
Housing Supply in Centerville, TN
How many homes are available in Centerville, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 29 | 26 | -10.3% |
Summary: The Centerville real estate market had 26 homes for sale in May 2024, a 10.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Centerville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 50%, 3 bedroom homes decreased by 15%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Centerville, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Centerville in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Centerville, TN
How long does it take to sell a home in Centerville, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 38 Days | 50 Days | +30.2% |
Summary: Homes in Centerville had an average of 50 days on market in May 2024, up by 30.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Centerville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 7 homes were sold in Centerville; 43% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.